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MLK Gold increases critical metals portfolio in Newfoundland

Published by , Editorial Assistant
Global Mining Review,

MLK Gold Ltd., a growth oriented precious and critical metal exploration company headquartered in Windsor, Nova Scotia, is pleased to report that it has added a second lithium asset to its growing portfolio of properties. This property is located approximately 18 km due east of the high-grade Kraken lithium and cesium discoveries made by the Benton Resources-Sokoman Mineral Alliance. The new mineral licence consists of 100 mineral claims having highly prospective potential for critical metal mineralisation.

The property is located 6 km east of the Burgeo Highway (Route 480). Access onto the property is best made by helicopter.

Company President and CEO, Paul Smith (P. Geo.) stated that:

“Only three previous exploration companies have carried out historical work in the area, apparently for uranium, but no reports were filed with the government”.

Based on preliminary examination of the Burgeo granite elsewhere to the south, the company believes there is significant potential for critical metal-bearing pegmatite development in this region.

Smith commented: “We know from previous government and academic research that although pegmatite dikes have been noted, based on our preliminary field examination, their abundance has been dramatically under-stated. In addition, we also know that numerous quartztourmaline±pyrite veins resembling Marathon Gold’s Valentine Lake deposit located approximately 50 km to the north have not been thoroughly prospected or mapped.”

William (Bill) Fleming, Chairman of the Board for MLK Gold said:

“This marks yet another advance in our strategy to enhance our critical minerals portfolio and where better to do this than on the front step of Newfoundland's first significant discovery of high-grade lithium and cesium mineralisation made by the Benton-Sokoman Alliance! We’re wishing them every success on their Kraken pegmatite discovery because their success is really a success for the entire province.”

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Lithium mining news Gold mining news Canadian mining news